UTI: Fresh salvo by SBI even as government talks peace

State Bank of India has fired a fresh salvo in the battle of control over UTI even as the government and UTI’s largest investor, US investment firm T Rowe Price (TRP), are trying to hammer out a peace settlement.

In a letter to the UTI Trustee Company on Saturday, SBI has asked for the removal of Ashok K Kini as a director on its board.